Bitcoin is widely seen as a store of value, but a growing conversation is whether it can do more than just sit in wallets. With DeFi, BTC can potentially be used for lending, borrowing, and earning yield instead of remaining idle.
This raises a key question: should Bitcoin stay purely passive, or evolve into a more productive asset through decentralized finance? Thoughts?
Why just hold your BTC when you can also make it work?
byu/tsurutatdk inbtc
Posted by tsurutatdk
2 Comments
I’ve been thinking about this too but honestly feels bit risky to me. Had some coins sitting around for couple years now and always tempted to put them in lending protocols but every time I research it, there’s always some hack or rugpull story that makes me nervous
The whole point of Bitcoin for me was having something that just exists without all the complicated smart contract stuff that can break. Sure, missing out on yields sucks when you see people making 8-12% somewhere, but at least I know my keys are safe in cold storage. Maybe I’m too paranoid from working in IT and seeing how many things can go wrong with code, but passive holding still feels like the safer play for majority of my stack
Yeah I’ve been doing LP yield farming with cbBTC. It’s nice